AllThingsD » GT Solar http://allthingsd.com Sun, 27 May 2012 01:54:58 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 http://allthingsd.com/theme/images/logo-rss.jpg All Things Digital http://allthingsd.com/ 144 22 Allegro Microsystems Pulls IPO; Who Can Blame It? http://allthingsd.com/20080811/allegro-microsystems-pulls-ipo-who-can-blame-them/ http://allthingsd.com/20080811/allegro-microsystems-pulls-ipo-who-can-blame-them/#comments Tue, 12 Aug 2008 01:17:42 +0000 Eric Savitz http://voices.allthingsd.com/?p=2471 The great tech IPO drought continues.

In the latest sign that the market is really not that interested in tech industry IPOs, chipmaker Allegro Microsystems today filed with the SEC to withdraw its planned initial offering, citing “current market conditions.” Which might have been a nice way of saying no one was all that interested.

The last couple of tech IPOs have been less than rewarding for investors. GT Solar (SOLR), which makes equipment used to make solar cells, became public in July at $16.50, and now trades at $11.25. But the company looks like a moneymaker. … at least, that is, for class-action lawyers, who have already filed at least eight separate lawsuits over the stock’s quick post-offering swoon.

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]]> http://allthingsd.com/20080811/allegro-microsystems-pulls-ipo-who-can-blame-them/feed/ 0 GT Solar Picks Wrong Day to Go Public http://allthingsd.com/20080724/gt-solar-picks-the-wrong-day-to-go-public/ http://allthingsd.com/20080724/gt-solar-picks-the-wrong-day-to-go-public/#comments Thu, 24 Jul 2008 20:45:30 +0000 Eric Savitz http://voices.allthingsd.com/?p=2099 Not a good debut today for GT Solar, a Merrimack, N.H., company that makes equipment used to manufacture solar wafers, modules and systems. The company went public today at $16.50 a share, selling 30.3 shares, for total proceeds of about $500 million. None of that goes to the company; all of the shares are being sold by GT Solar Holdings, a company owned by the venture firms GFI Energy Venture and Oaktree Capital Management. After the offering, according to the prospectus, the company has 142.4 million shares, for a market cap at the IPO price of $2.35 billion. GT Solar Holdings still owns 74 percent of the company after the offering.

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